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Aug 7, 2011
08/11
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we have $2.2 trillion of infrastructure deficit in america. china is putting 9% of gdp into inst infrastructu infrastructure. the united states of america is putting 2% or less into it. we have $80 billion of loss every year just to bail out just to grid problems with our energy structure to highways that are clogged because we don't build a transportation system. we know how to do this. we could have patent reform. there are millions of jobs being wrapped up in the bureaucracy of patent reform which isn't moving forward. we could have regulatory reform so we don't take ten years to get business people a decision. there are countless things we can do. and, yes, we can cut waste. there is waste. we could come together and do that. >> all right. >> but we have to be statesmen here. we have to find the happy, middle ground of compromise and common sense. i know john mccain is prepared to do it. i would like to see the numbers of the house of representatives prepared to do it. and that would avoid the future confrontation. >> all right. we are goi
we have $2.2 trillion of infrastructure deficit in america. china is putting 9% of gdp into inst infrastructu infrastructure. the united states of america is putting 2% or less into it. we have $80 billion of loss every year just to bail out just to grid problems with our energy structure to highways that are clogged because we don't build a transportation system. we know how to do this. we could have patent reform. there are millions of jobs being wrapped up in the bureaucracy of patent reform...
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Aug 8, 2011
08/11
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one, we have to deal with the debt and deficit. send wall street a message that the united states of america is deadly serious about dealing with the long-term structural debt. that means putting a plan on the table, 4 trillion plus, if necessary, that lays out how we go forward. we do it, david, in a way that doesn't turn our backs on the history we have created where we know how to do it without cutting off job creation in our economic future. in the 1990s, we balanced the budget. we did it without a constitutional amendment. we balanced the budget, created 22,000 new jobs. that changed when we went into credit card debt, two wars, two tax cuts. we couldn't afford them. boom! 6.some trillion in debt. obama was largely in response to george bush and hank paulson asking us to bail out the financial structure of america. we have to get real about what the problem is. the second piece of this, senator box eer has a great dea. if we do it, we will save 600 more jobs than what the house is setting out to do. three, we need to pass the
one, we have to deal with the debt and deficit. send wall street a message that the united states of america is deadly serious about dealing with the long-term structural debt. that means putting a plan on the table, 4 trillion plus, if necessary, that lays out how we go forward. we do it, david, in a way that doesn't turn our backs on the history we have created where we know how to do it without cutting off job creation in our economic future. in the 1990s, we balanced the budget. we did it...
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Oct 8, 2013
10/13
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deficits are already following. what's to stop them from not taking yet another hostage again and again, and this just being the way we do things. >> right. and this is not about public policy. because if it were, the policy concessions they achieve, they would be happy to take, bank and roll into law. roll into the federal budget. roll into the sequester cuts. what john boehner said were arbitrary and probably too large in the "wall street journal" the week before the sequester hit. there is a public record here so anyone following, which is not everyone, but a growing number of people in the country, wondering why is what the republicans doing disrespecting our veterans who have fallen in war or keeping our parks closed or preventing us hunting in montana. many of the governments, quote, unquote, nonessential services help people live their lives. >> exactly. >> the other piece that is important that we have discussed before but shouldn't get lost, chaos and destruction is not just a threat here. chaos and destruc
deficits are already following. what's to stop them from not taking yet another hostage again and again, and this just being the way we do things. >> right. and this is not about public policy. because if it were, the policy concessions they achieve, they would be happy to take, bank and roll into law. roll into the federal budget. roll into the sequester cuts. what john boehner said were arbitrary and probably too large in the "wall street journal" the week before the sequester...
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Dec 6, 2012
12/12
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bush inherited a surplus and left with a massive deficit. didn't monitor the financial system and so on. the most important point is david's right about, which is there's no such thing as a presidential referendum election. i've covered ten of these and they've all been choices. why? because these two candidates live in everybody's living rooms. people make a judgment about their character -- >> reagan was partially positive, just anti -- >> oh that became a choice election after reagan appeared in that one debate against carter and people said, hey, he isn't so bad. i have a choice. >> one of the other players, besides the two candidates was bill clinton, the former president, don't think anybody made a better case of making the case for obama than bill clinton. at the convention a critical moment when he explained the arithmetic of what obama inherited. >> in tampa the republican argument against the president's re-election was pretty simple, pretty snappy. it went something like this. we left him a total mess. he hadn't cleaned it up fast
bush inherited a surplus and left with a massive deficit. didn't monitor the financial system and so on. the most important point is david's right about, which is there's no such thing as a presidential referendum election. i've covered ten of these and they've all been choices. why? because these two candidates live in everybody's living rooms. people make a judgment about their character -- >> reagan was partially positive, just anti -- >> oh that became a choice election after...
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Nov 21, 2011
11/11
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so, in the name of lowering the deficit, you want to extend those tax cuts, which increases the deficit, and would not be offset by the tax increase that you were talking about. >> how did the super committee get created in the first place here? when the president asked us to increase the debt ceiling, we said we're not going to do it unless we can reduce the cost of government. and so we reduced the discretionary side of the budget by over $900 billion. and then the committee was created to come up with the other $1.2 or $1.5 trillion. supposedly on the mandatory side. this is where two-thirds of our spending occurs. on everything from medicare and medicaid to food stamps and ag subsidies and the like. and we focused on that. and our democratic friends were never willing to do the entitlement reforms that would have reduced the costs -- >> senator you haven't answered my question. >> i'm getting to the point here. this was not about extending the bush tax cuts. it was about trying to do entitlement reform on the mandatory side of the budget. now, when our democratic friends made it ver
so, in the name of lowering the deficit, you want to extend those tax cuts, which increases the deficit, and would not be offset by the tax increase that you were talking about. >> how did the super committee get created in the first place here? when the president asked us to increase the debt ceiling, we said we're not going to do it unless we can reduce the cost of government. and so we reduced the discretionary side of the budget by over $900 billion. and then the committee was created...
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Mar 4, 2013
03/13
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reduction so that we don't have to cut dramatically cut head start to reduce the deficit. we can make sure that everybody pays their fair share, and we're doing this in a balanced way that actually impacts our deficit over the long-term and still allows our economy to grow. what's happened now because of the sequester is we may be reducing spending, and ultimately reducing the deficit, but it's actually going to come back and bite us because we're going to lose jobs and slow economic growth, and we're not really taking on the big challenges that things that impact our deficit. >> john, i thought one of the things that i was fascinated about from the weekend is the message both the president and speaker boehner sent about a potential government shutdown, which is they're taking it off the table. the president said as long as the continuing resolution is within the framework that they agreed to before and speaker boehner essentially saying the same thing, is it political exhaustion? is that what really is happening here? both sides want a little bit of time? >> i think it's
reduction so that we don't have to cut dramatically cut head start to reduce the deficit. we can make sure that everybody pays their fair share, and we're doing this in a balanced way that actually impacts our deficit over the long-term and still allows our economy to grow. what's happened now because of the sequester is we may be reducing spending, and ultimately reducing the deficit, but it's actually going to come back and bite us because we're going to lose jobs and slow economic growth,...
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Apr 27, 2021
04/21
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he just presided over blowing up the deficit. at least in the back of their minds -- >> they don't remember any of that. >> yeah. >> they never cared about it. joan walsh, thank you very much. before we go tonight, a quick programming note chuck schumer on the reid out. join brian williams, rachel maddow and me for president biden's first address to a joint session of congress. that is tonight's "reid out." >> tonight on all in -- >> what message are you sending wearing a mask outside alone? >> watch meg take it off and not put it back on. >> big news on masks and dr. fauci is here to explain the brand new cdc guidelines and why you don't need to call the police on children and masks and a major move by the department of justice, and reform policing in america, and plus, what is going on with the dhs investigation with domestic violence extremists in the ranks, and another state makes voting
he just presided over blowing up the deficit. at least in the back of their minds -- >> they don't remember any of that. >> yeah. >> they never cared about it. joan walsh, thank you very much. before we go tonight, a quick programming note chuck schumer on the reid out. join brian williams, rachel maddow and me for president biden's first address to a joint session of congress. that is tonight's "reid out." >> tonight on all in -- >> what message are you...
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Dec 22, 2012
12/12
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and i think that's a big problem when you have a $1.1 trillion deficit. the only thing this debate has really been about for the last five weeks has been about tax increases. you're right. the republicans are playing a pretty weak end. as you both know, if nothing happens, then all the taxes go up. part of me says look, the republicans have to get this behind them. go into 2013 where they'll have a stronger hand. on things like the debt ceiling, what do we do to bring down the rest of the trillion deficit. but right now they're stymied. but i do think that by january 1st, they will have a deal in hand. i still think so. >> joy reid, have those conservative republicans, who wouldn't go along with speaker boehner's plan b last night actually strengthen president obama's hand? because as between the two men, speaker boehner and president obama, one clearly now has the upper hand in terms of leverage and negotiation. >> yeah, completely. and president obama went into this with all of the leverage. and now he's just gotten more. look, at the end of the day, th
and i think that's a big problem when you have a $1.1 trillion deficit. the only thing this debate has really been about for the last five weeks has been about tax increases. you're right. the republicans are playing a pretty weak end. as you both know, if nothing happens, then all the taxes go up. part of me says look, the republicans have to get this behind them. go into 2013 where they'll have a stronger hand. on things like the debt ceiling, what do we do to bring down the rest of the...
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Feb 19, 2013
02/13
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we need to protect the middle class and make sure we avoid the sequester and reduce our deficit, finish the $4 trillion that president obama has proposed in deficit reduction, and the republicans are continuing to cling to protecting the wealthiest, most fortunate americans as their top priority. we want to protect the middle class. >> debbie awayserman-schultz. thank you very much. we have to leave it there. >> up next we go to south africa. oscar pistorius giving his version in court of what happened on that terrible night. stay with us right here at andrea mitchell reports. for access to one of the top wealth management firms in the country. for a team of financial professionals who provide customized solutions. for all of your wealth management and retirement goals, discover how pnc wealth management can help you achieve. visit pnc.com/wealthsolutions to find out more. when you lost the thing you can't believe you lost.. when what you just bought, just broke. or when you have a little trouble a long way from home... as an american express cardmember you can expect some help. but wha
we need to protect the middle class and make sure we avoid the sequester and reduce our deficit, finish the $4 trillion that president obama has proposed in deficit reduction, and the republicans are continuing to cling to protecting the wealthiest, most fortunate americans as their top priority. we want to protect the middle class. >> debbie awayserman-schultz. thank you very much. we have to leave it there. >> up next we go to south africa. oscar pistorius giving his version in...
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Feb 6, 2013
02/13
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we should bring the deficit down, but we have time. we should take the cuts off the table and think about how to get the economy going. if people work again, we are on the road to solving the problem. >> to that point and looking at the cuts you have been pointing out to head start and cuts to wic, the women, infant and children nutritional assistant program, they are penny wise and foolish and may be making things worse in the long run. >> i'm glad you raised that, crystal. if you think about the single mom working 12 hours a day and her paycheck does not take her to the end of the month on food. what she realizes and has been a responsible mom, but realizes after she makes the decision to have her child not have an abortion is that her paycheck is not going to help her feed her infant. the women infant children program not only feeds these families, it also teaches them about nutrition and how to be healther and live healthier lives. this is important for families and the economy. we are helping people stay healthy longer and one of
we should bring the deficit down, but we have time. we should take the cuts off the table and think about how to get the economy going. if people work again, we are on the road to solving the problem. >> to that point and looking at the cuts you have been pointing out to head start and cuts to wic, the women, infant and children nutritional assistant program, they are penny wise and foolish and may be making things worse in the long run. >> i'm glad you raised that, crystal. if you...
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Dec 29, 2016
12/16
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the democrats need to be deficit hawks. we need to talk about the deficit and get serious about it. and all those budget balancing groups in washington funded by republicans ought to be on our side because the republicans are going to do nothing to do anything better about ambulancing the budget. >> all right. squeeze in a quick break here. gentlemen, please stay with us. coming up, israeli prime minister benjamin netanyahu expressed his gratitude today to someone who has never done anything for israel, donald trump, and did not say a word of thanks to president obama who has done more for israel's security than any previous president. >>> also coming up, a decision by president obama today to protect tribal lands. i take to . healthy, free, the world before me, the long brown path before me leading wherever i choose. the east and the west are mine. the north and the south are mine. all seems beautiful to me. but when we brought our daughter home, that was it. now i have nicoderm cq. the nicoderm cq patch with unique extended release technology helps prevent your urge to smoke all d
the democrats need to be deficit hawks. we need to talk about the deficit and get serious about it. and all those budget balancing groups in washington funded by republicans ought to be on our side because the republicans are going to do nothing to do anything better about ambulancing the budget. >> all right. squeeze in a quick break here. gentlemen, please stay with us. coming up, israeli prime minister benjamin netanyahu expressed his gratitude today to someone who has never done...
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Dec 20, 2012
12/12
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and doesn't deal with really the kind of agreement we have to have that would reduce the deficit in a serious way and protect the middle class and grow the economy in the future. this is not making progress. and we should be concerned that speaker boehner has got to come back to the table. has got to be able to find that common ground and he has to do it with some republicans and some democrats. and to the degree he's just talking to his own conference, it's not going to get us there. >> we know that the speaker has not met with the president since i believe it was monday but do you believe that speaker boehner is acting in good faith as far as negotiations here? we know that to get some more republicans on board in the house later today with the vote he has replaced the automatic cuts scheduled for the defense department, the sequestration and replaced them with domestic spending cuts. is he acting in good faith in your opinion? >> well, i don't want to speak to his motivation but i can say that it's been clear all along that we need spending cuts, we preefr to see sequester not go
and doesn't deal with really the kind of agreement we have to have that would reduce the deficit in a serious way and protect the middle class and grow the economy in the future. this is not making progress. and we should be concerned that speaker boehner has got to come back to the table. has got to be able to find that common ground and he has to do it with some republicans and some democrats. and to the degree he's just talking to his own conference, it's not going to get us there. >>...
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Dec 21, 2012
12/12
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over the last few weeks i have been working with leaders of both parties on a proposal to get our deficit under control, avoid tax hikes on the middle class, and to make sure that we can spur jobs and economic growth. a balanced proposal that cuts spending but also asks the wealthiest americans to pay more. a proposal that will strengthen the middle class over the long haul and grow our economy over the long haul. during the course of these negotiations, i offered to compromise with republicans in congress. i met them halfway on taxes and i met them more than halfway on spending. in terms of actual dollar amounts, we're not that far apart. as of today i am still ready and willing to get a comprehensive package done. i still believe that reducing our deficit is the right thing to do for the long-term health of our economy and the confidence of our businesses. i remain committed to working towards that goal whether it happens all at once or whether it happens in several different steps. but in ten days we face a deadline. in ten days under current law tax rates are scheduled to rise on most
over the last few weeks i have been working with leaders of both parties on a proposal to get our deficit under control, avoid tax hikes on the middle class, and to make sure that we can spur jobs and economic growth. a balanced proposal that cuts spending but also asks the wealthiest americans to pay more. a proposal that will strengthen the middle class over the long haul and grow our economy over the long haul. during the course of these negotiations, i offered to compromise with republicans...
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Feb 5, 2013
02/13
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a balanced approach has achieved more than $2.5 trillion in deficit reduction. that's more than halfway towards the $4 trillion in deficit reduction that economists and elected officials from both parties believe is required to stabilize our debt. so we've made progress. i still believe that we can finish the job with a balanced mix of spending cuts and more tax reform. the proposals that i have put forward during the fiscal cliff negotiations in discussions with speaker boehner and others, are still very much on the table. i just want to repeat, the deals that i put forward, the balanced approach of spending cuts and entitlement reform and tax reform that i put forward are still on the table. i have offered sensible reforms to medicare and other entitlements, and my health care proposals achieved the same amount of savings by the beginning of the next decade as the reforms that have been proposed by the bipartisan bowls simple son fiscal commission. these reforms radio reduce our government's bill. what's up, cameraman? come on, guys. they're breaking my flow a
a balanced approach has achieved more than $2.5 trillion in deficit reduction. that's more than halfway towards the $4 trillion in deficit reduction that economists and elected officials from both parties believe is required to stabilize our debt. so we've made progress. i still believe that we can finish the job with a balanced mix of spending cuts and more tax reform. the proposals that i have put forward during the fiscal cliff negotiations in discussions with speaker boehner and others, are...
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Feb 4, 2014
02/14
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. >> that's a $250 to $300 million trade deficit we have with china. you want to compete with china, then what you do is to improve our industrial base, our manufacturing base. the peterson institute, by the way, has said that while this agreement would do well by the financial interest and agricultural interest that, quite frankly, there would be a deficit in manufacturing. my view is that we have to change that. the way this agreement currently stands, which has been -- it's a broad-based agreement, 12 countries and it is -- what it does is to really freeze up banks from regulation. it undermines our food safety. it weakens our environmental standards and it would deny access to affordable medicines to people overseas. >> so why is the president for this? if it does all those things, why is the president for it? i can't imagine this democratic president being for thing that is really do those things. >> on this issue, you know, i -- i've asked the same question. i don't think that -- even with your pundits yesterday, they think it's fine for their fi
. >> that's a $250 to $300 million trade deficit we have with china. you want to compete with china, then what you do is to improve our industrial base, our manufacturing base. the peterson institute, by the way, has said that while this agreement would do well by the financial interest and agricultural interest that, quite frankly, there would be a deficit in manufacturing. my view is that we have to change that. the way this agreement currently stands, which has been -- it's a...
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Sep 14, 2013
09/13
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in other words, we may not have the deficit percentage of the gdp as we thought we were going to have. yeah, the people are going to hold us accountable. it will go to 2014. if it becomes a situation where obama care has been found constitutional by the united states supreme court, people are going to start to ask, why are we still holding up this country and the budgets that are so necessary to run it over an issue that the supreme court has said, hey, it's constitutional. >> democratic congresswoman from hawaii, thank you very much for your time. >> thank you, alex. >>> let's go now to your fast five headlines. 20 people have been arrested in mexico city as riot police broke up a fight of striking teachers. they defied a government order. the area was cleared to make way for independence day celebrations this weekend. >>> southern mexico, tropical storm ingrid triggered rescue efforts. ingrid unleashed heavy rains and 60-mile-per-hour winds on the region. it could become a hurricane by tomorrow or sunday. >>> rapper kanye west is facing charges with a run-in from photographs back in
in other words, we may not have the deficit percentage of the gdp as we thought we were going to have. yeah, the people are going to hold us accountable. it will go to 2014. if it becomes a situation where obama care has been found constitutional by the united states supreme court, people are going to start to ask, why are we still holding up this country and the budgets that are so necessary to run it over an issue that the supreme court has said, hey, it's constitutional. >> democratic...
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Mar 4, 2014
03/14
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while we've done a lot of deficit reduction, we've done it in the wrong way. we've focused on, i think, inadvertently through congress not being able to pick our policies on short-term measures that came out of the budget, which isn't where the problem is. what we should be doing is trying to replace those savings that came from the sequester that aren't as useful or long-term with more permanent and structural changes to entitlement programs and the tax code. that would be the best to do for the economy. >> let me ask you quickly before we go, because i think there is this growing consensus and you said you think there can be more that is done on that. give us a sense of where you think that can happen. >> well, i think there's different ways you have to look at income inequality, which is how people are making their money and what's happening after the government's involved, so one of the issues we have to look at is how to have more training, more education, more high skilled workers earning higher wages to begin with, so it's not just things like eitc and
while we've done a lot of deficit reduction, we've done it in the wrong way. we've focused on, i think, inadvertently through congress not being able to pick our policies on short-term measures that came out of the budget, which isn't where the problem is. what we should be doing is trying to replace those savings that came from the sequester that aren't as useful or long-term with more permanent and structural changes to entitlement programs and the tax code. that would be the best to do for...
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Feb 27, 2013
02/13
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it's how the american people want us to reduce the deficit. your poll show that is today. >> the nbc news/wall street journal poll shows attacks on both houses while republicans are certainly held in less high regard, that people are frustrated with both political parties with the whole mess. it's affecting the president's rating. he's still at 50%. it's affecting consumer confidence, the wrong track/right track numbers are getting worse. i mean nobody is happy with what's going on in washington. >> no, least of all the president and congressional democrats. i think the question in that poll is telling that when americans were asked do you support the republican approach to spending, 75% of respondents said no, they don't. what the american people have spoken on is they want to reduce the deficit. we want to continue the focus on turning the economy around and creating jobs and make sure the recovery can be more ro robust. they don't want us to take a slash and burn approach to cutting our way back to prosperity. it's not the answer. they don'
it's how the american people want us to reduce the deficit. your poll show that is today. >> the nbc news/wall street journal poll shows attacks on both houses while republicans are certainly held in less high regard, that people are frustrated with both political parties with the whole mess. it's affecting the president's rating. he's still at 50%. it's affecting consumer confidence, the wrong track/right track numbers are getting worse. i mean nobody is happy with what's going on in...
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Jan 25, 2013
01/13
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that is what are you going to do about the debt and deficit? >> let's listen to that. >> you utilize your position to work with the president to solve the debt and deficit issue. >> i'm not here to go through the details why we didn't. there was a very, hard line position that prevented us from being able to come to an agreement which we just came to. but we came to it with far lesson the table and far less accomplished than we would have had if we had come to it a year ago >> and that is the most diplomatic answer than we had. >> well, it is telling that this is sort of the default position on anything. >> you got me on benghazi now debt and deficit. >> but this is the position of the republican ares on any kind of big picture item. we are outraged on his speech because he didn't talk about the deficit. >> what would he talk about? there is nothing else they have to wave. >> that is one issue where they have a political traction. there is a majority on americans. but they have made the calculation. there are a whole bunch of issues where they
that is what are you going to do about the debt and deficit? >> let's listen to that. >> you utilize your position to work with the president to solve the debt and deficit issue. >> i'm not here to go through the details why we didn't. there was a very, hard line position that prevented us from being able to come to an agreement which we just came to. but we came to it with far lesson the table and far less accomplished than we would have had if we had come to it a year ago...
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Dec 29, 2016
12/16
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the democrats need to be deficit hawks. we need to talk about the deficit and get serious about it. and all those budget balancing groups in washington funded by republicans ought to be on our side because the republicans are going to do nothing to do anything better about ambulancing the budget. >> all right. squeeze in a quick break here. gentlemen, please stay with us. coming up, israeli prime minister benjamin netanyahu expressed his gratitude today to someone who has never done anything for israel, donald trump, and did not say a word of thanks to president obama who has done more for israel's security than any previous president. >>> also coming up, a decision by president obama today to protect tribal lands. why am i so devastatingly handsome, i'm in a fragrance... ...ad, and my sweethearts gone sayonara. this scarf, all that's left to remember. what! she washed this like a month ago! how's a guy supposed to move on! the long lasting scent of gain flings. >>> time for today's barack obama is still president news. the president designated two new national monuments protecting
the democrats need to be deficit hawks. we need to talk about the deficit and get serious about it. and all those budget balancing groups in washington funded by republicans ought to be on our side because the republicans are going to do nothing to do anything better about ambulancing the budget. >> all right. squeeze in a quick break here. gentlemen, please stay with us. coming up, israeli prime minister benjamin netanyahu expressed his gratitude today to someone who has never done...
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Mar 1, 2013
03/13
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and deficit reduction are. and the good thing about america is that we, sometimes we get to these bottle necks and we get stuck and these sharp partisan fights and the american people pretty steadily are common sense and practical and eventually that common sense, practical approach wins out. and i think that's what will happen here, as well. in the meantime, just to make the final point about the sequester, we will get through this. this is not going to be a apocalypse, as some people have said. it's just dumb. and it's going to hurt. it's going to hurt individual people and hurt the economy overall. but if congress comes to its senses a week from now, a month from now, three months from now, then there's a lot of open running room there for us to grow our economy much more quickly and to advance the agenda of the american people dramatically. and, so, you know, this is a, this is a temporary stop on what i believe is the long-term outstanding prospect for american growth and greatness. all right. thank you ve
and deficit reduction are. and the good thing about america is that we, sometimes we get to these bottle necks and we get stuck and these sharp partisan fights and the american people pretty steadily are common sense and practical and eventually that common sense, practical approach wins out. and i think that's what will happen here, as well. in the meantime, just to make the final point about the sequester, we will get through this. this is not going to be a apocalypse, as some people have...
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Jul 30, 2013
07/13
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the deficit is going down and that's a positive thing. let's at least do what we agree on and take action now that everyone wants. that will help create jobs. we will see what the reaction is. there is enough people on both sides of the aisle that want to pursue this. >>. >> you don't believe you need to be neve sit rukds fall. you don't seem to be pursuing new deficit reduction, is that fair? >> we continue to pursue it and have discussions with the republicans on the hill. to date we haven't had a sense that the republicans are prepared to do any more in terms of revenue. not making progress there. we will continue to have those discussions. here's something we all agree on and help the middle class and helps american businesses. everyone agrees on it and we should pursue this bargain. >> i have to ask you quick low with news that the military is interrogating president morsi and putting charges up if they pursue this. does that change the united states's position that this was or was not a cloud and right now i know the government said
the deficit is going down and that's a positive thing. let's at least do what we agree on and take action now that everyone wants. that will help create jobs. we will see what the reaction is. there is enough people on both sides of the aisle that want to pursue this. >>. >> you don't believe you need to be neve sit rukds fall. you don't seem to be pursuing new deficit reduction, is that fair? >> we continue to pursue it and have discussions with the republicans on the hill....
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Aug 6, 2021
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the reality of the cbo report it shows a $256 billion deficit over ten years. the senators who put together this package say yep, that's right. based on what the cbo can do, but they're limited in how they do the math. the argument that the senators make is that the cbo can't include dynamic scoring. a fancy way of saying the way in which the money will be spent will grow the economy and revenue. they can't double dip to use a less technical phrase to count money that's saved that's already allocated for something else, so money spent on covid relief, the cbo counts that as spent and these folks are saying, the senators who put this bill together are saying we're going to repurpose that money. that shouldn't count against us. this is a long way of saying senator haggerty's objection will slow this process but likely won't stop it. the bill has significant momentum and expected to get significant bipartisan support when that final vote comes around probably as soon as saturday but it shows the power that one senator can have to pump the brakes on anything that t
the reality of the cbo report it shows a $256 billion deficit over ten years. the senators who put together this package say yep, that's right. based on what the cbo can do, but they're limited in how they do the math. the argument that the senators make is that the cbo can't include dynamic scoring. a fancy way of saying the way in which the money will be spent will grow the economy and revenue. they can't double dip to use a less technical phrase to count money that's saved that's already...
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Nov 13, 2012
11/12
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so the conversation used to be we will cut the deficit through spending cuts. now within the space of a week, the same people, glen hubbard who was romney's chief economic adviser slated to be the federal reserve head if romney had won has an op-ed in the financial times today saying the first thing we should do is focus on more revenues and the way to get that is from capping deductions for the wealthy. so it's extraordinary the shape of the the rhetoric that's coming from republicans in the the last week has really changed a great deal. i think they recognize, even if obama doesn't recognize and even if most centrist democrats don't recognize it, they hold all the cards here. >> so who's the god you're referring to there? >> grover norquist? i'd say it's more a collection of dayties who said the first -- >> but that's the point. republican leaders and some republican thought leaders might be coming around that we have a deal here. but the reason for the past two decades can be traced back to 1990 with george bush sr. put a tax hike deal together with democrat
so the conversation used to be we will cut the deficit through spending cuts. now within the space of a week, the same people, glen hubbard who was romney's chief economic adviser slated to be the federal reserve head if romney had won has an op-ed in the financial times today saying the first thing we should do is focus on more revenues and the way to get that is from capping deductions for the wealthy. so it's extraordinary the shape of the the rhetoric that's coming from republicans in the...
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Oct 4, 2012
10/12
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no taxes to deal with the deficit. is that the right thing? >> keep in mind, he made it very clear that unlike this president, who i have to like as a person. i know him well. unlike president obama, he wants to work with congress. he knows he's not going to get anything done if he doesn't work with congress. >> but he drew a line there. is that a fuzzy line? >> i'm with it on the line. one thing that has to be made very clear is the wealthy will be paying just as much as they're paying now. >> but they shouldn't pay more. >> i thought one of the best lines is that basically we're tired of trickle down government. and he turned the tables on the president. we have the president who believes it will government is the last answer to everything. do you think that is going to be a political liability in the state of florida? >> well, keep in mind, he brought up pretty forcefully that the president cut medicare. he also said that look, we are going to keep medicare exactly as it is for those 55 years or older. but we have to do something to help th
no taxes to deal with the deficit. is that the right thing? >> keep in mind, he made it very clear that unlike this president, who i have to like as a person. i know him well. unlike president obama, he wants to work with congress. he knows he's not going to get anything done if he doesn't work with congress. >> but he drew a line there. is that a fuzzy line? >> i'm with it on the line. one thing that has to be made very clear is the wealthy will be paying just as much as...
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Mar 20, 2013
03/13
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and if we even need a grand bargain at this point since the peak in 2009, deficit is coming down. there is a new report out from president's council of economic advisors saying if we are able to hold medicare to growth rate over the past five years, it has actually been doing well and would go a long way to closing the budget gap. what are you looking for? do we even need a grand barring on right now? >> can couple of things. number one, i think it would be better if we had a grand bargain but i'm skeptical we would have one. give we give away money, about $1.2 trillion. everyone knows the tax code is a mess. economically inefficient. stacked off in times against the middle class. so if we can clean up the tax code that would be beneficial. second, healthcare issue is a very serious one. medicare costs are coming down but there's a demographic that awaits us. 10,000 folks a day are going on to medicare and it is not just medicare issue. it is a healthcare spending issue in this country that's tough on businesses, tough on individual. so if we can do something to help slow that rat
and if we even need a grand bargain at this point since the peak in 2009, deficit is coming down. there is a new report out from president's council of economic advisors saying if we are able to hold medicare to growth rate over the past five years, it has actually been doing well and would go a long way to closing the budget gap. what are you looking for? do we even need a grand barring on right now? >> can couple of things. number one, i think it would be better if we had a grand...
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Feb 13, 2013
02/13
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level to lower deficit. is one that you want to bring the deficit down to encourage more private investment. but you also want to make room for things that make our country great. eisenhower investing in the interstate highway program. democrats and republicans increases in mia for bio research. i think it absolutely supports that you can cut lower priority spending to reduce the deficit and that you can use a portion of that to do things that are compelling like pre-k, universal education for 4 year olds. because we're a country that believes everybody should have a fair start. and the minimum wage has no government cost at all. that's just a commitment that we as a people believe if you work full time, you work hard, you should be able to raise your family in dignity. not in poverty. >> fair point about the minimum wage. that comes out of the private sector, obviously, and some that argue will cost jobs but we can debate that another time. what about the sequester? what is happening right now that will giv
level to lower deficit. is one that you want to bring the deficit down to encourage more private investment. but you also want to make room for things that make our country great. eisenhower investing in the interstate highway program. democrats and republicans increases in mia for bio research. i think it absolutely supports that you can cut lower priority spending to reduce the deficit and that you can use a portion of that to do things that are compelling like pre-k, universal education for...
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Aug 1, 2014
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it's going to reduce the defi t deficit. it might have forestalled some of the problems we're seeing now in the rio grande valley with these unaccompanied children. so we have a bipartisan bill, wendell. bipartisan agreement supported by everybody from labor to the evangelical community to law enforcement. so the argument isn't between me and the house of republicans. it's between the house republicans and senate republicans and house republicans and the business community. and house republicans and the evangelical community. i'm just one of the people they seem to disagree with on this issue. so that's on the kpcomprehensiv bill. they say we need more resources. we need tougher border security in this area where these unaccompanied children are showing up. we agree, so we put forward a supplemental to give us the additional resources and funding to do exactly what they say we should be doing. and they can't pass the bill. they can't even pass their own version of the bill. so that's not a disagreement between me and the hou
it's going to reduce the defi t deficit. it might have forestalled some of the problems we're seeing now in the rio grande valley with these unaccompanied children. so we have a bipartisan bill, wendell. bipartisan agreement supported by everybody from labor to the evangelical community to law enforcement. so the argument isn't between me and the house of republicans. it's between the house republicans and senate republicans and house republicans and the business community. and house...
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May 3, 2014
05/14
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all he would talk about is the lock box and all this stuff about deficits. you've about got sell your own story. >> dem kralts want consensus around intellectual honesty and it's harder for them to have co come punks. win it. >> if you've got a good product, sell>> it remember the producers? flaunt it. nairks eugene robinson, alex wagner. by the way, today, the latest on benghazi. they subpoena john kerry, the secretary of state. then john boehner the speaker moves to select a new formal committee to investigate apparently the other four committees already investigating this nonscandal. also the news keeps getting worse for chris christie. today we learned that many of krischristi christie's donors are getting ready to jump ship and jeb bush is getting ready to get in. and the president's sharp elbows, look for his to use his humor as a weapon. are you listening, donald trump? >> no one is happier or prouder to put this birth certificate to rest than the donald and that's because he can finally get back to focusing on the issues that matter, like did we fake
all he would talk about is the lock box and all this stuff about deficits. you've about got sell your own story. >> dem kralts want consensus around intellectual honesty and it's harder for them to have co come punks. win it. >> if you've got a good product, sell>> it remember the producers? flaunt it. nairks eugene robinson, alex wagner. by the way, today, the latest on benghazi. they subpoena john kerry, the secretary of state. then john boehner the speaker moves to select a...
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Dec 22, 2012
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middle-class americans, protects unemployed american for 2 million americans and lays the groundwork for deficit reduction. that's an achievable goal. that can get done in ten days. once this legislation's agreed to, i expect democrats and republicans to get back to washington and have it pass both chambers. >> jared bernstein, is this actually a setback for the president insofar as the embarrassed speaker was someone at least with whom he was dealing and now the president really doesn't have a negotiation partner? >> i don't think so. i do think in a way it's a setback for the nation because the president and speaker boehner were actually moving to a credible plausible compromise at the very beginning of the week. and, of course, that's horfully off track now when john boehner decided to go to plan b. i think the leverage is enhanced by this. the problem is i don't know why republicans would nibble at this idea of essentially passing the senate bill. that's what he was describing today sometime before the end of the year when they can wait a few days, go over the cliff and tax rates automatical
middle-class americans, protects unemployed american for 2 million americans and lays the groundwork for deficit reduction. that's an achievable goal. that can get done in ten days. once this legislation's agreed to, i expect democrats and republicans to get back to washington and have it pass both chambers. >> jared bernstein, is this actually a setback for the president insofar as the embarrassed speaker was someone at least with whom he was dealing and now the president really doesn't...
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Nov 13, 2012
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the white house characterizing their plans as a deal that would help bring down the deficit, but without destroying the economic recovery and the middle class along with it. should not come as a surprise that president obama is pushing hard on ending the bush tax cuts for income over $250,000. that's probably been the president's most consistent, most repeated promise on policy. here's what he said about the bush tax cuts on high income right as he was agreeing to extend the tax cuts back in 2010. >> i'm as opposed to the high end tax cuts today as i have been for years. in the long run, we simply can't afford them. when they expire in two years, i will fight to end them. >> eep as he was agreeing to extend the tax cuts that time, he was promising right there he would not do it again. in april of last year, he went one step further. he issued an ultimatum. >> in december i agreed to extend the tax cuts for wealthiest americans because it was the only way to prevent a tax hike on middle class americans. but we cannot afford $1 trillion worth of tax cuts for every millionaire and billionai
the white house characterizing their plans as a deal that would help bring down the deficit, but without destroying the economic recovery and the middle class along with it. should not come as a surprise that president obama is pushing hard on ending the bush tax cuts for income over $250,000. that's probably been the president's most consistent, most repeated promise on policy. here's what he said about the bush tax cuts on high income right as he was agreeing to extend the tax cuts back in...
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Dec 21, 2012
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unemployment insurance for 2 million americans and lays the ground work for further work on both growth and deficit reduction. that's an achievable goal. that can get done in ten days. once this legislation is agreed to, i expect democrats and republicans to get back to washington and have it pass both chambers. and i will immediately sign that legislation into law before january 1st of next year. it's that simple. >> it's that simple. he urged congress to think of the american people this holiday season. >> i hope it gives everybody some perspective. everybody can cool off. everybody can drink some eggnog, have some christmas cookies, sing some christmas carols, enjoy the company of loved ones. and then i'd ask every member of congress while they're at home to think about that. think about the obligations to the people who sent us here. >> today's news comes after the right wing handed speaker boehner a crushing defeat last night. they refused to support his plan b because it wasn't extreme enough. so what was his plan c? let everyone go on christmas vacation. and as for that that deal on taxes? t
unemployment insurance for 2 million americans and lays the ground work for further work on both growth and deficit reduction. that's an achievable goal. that can get done in ten days. once this legislation is agreed to, i expect democrats and republicans to get back to washington and have it pass both chambers. and i will immediately sign that legislation into law before january 1st of next year. it's that simple. >> it's that simple. he urged congress to think of the american people...
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Dec 31, 2012
12/12
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don't forget who asked and demanded for deficit reduction. when i talked to a capitol hill staffer, here's what he said. he said -- this is very important -- "if it's a status quo election some kind of deal that staifz off sec quest rags. >> the republicans. >> i have to say it, it is the republicans that the point that are arguing against deficit reduction. they want to cancel the see quester, which is military spending cut. >> only on their terms. >> they would like spending cuts, but they would like -- they won't be ebbing mrift about exactly how do do it. >> i want to give luke the last word on this. >> is there a chance? just your kind of read on the final word on this, do we end today with some kind of a deal, or do they punt this and try to do it before january 3rd or not at all, just go over the cliff? >> i think that there's a possibility you could see a deal come out of the senate today, although i think if any deal comes out of the senate, the house will most likely vote on it tomorrow. i don't see a late night new year's eve vote
don't forget who asked and demanded for deficit reduction. when i talked to a capitol hill staffer, here's what he said. he said -- this is very important -- "if it's a status quo election some kind of deal that staifz off sec quest rags. >> the republicans. >> i have to say it, it is the republicans that the point that are arguing against deficit reduction. they want to cancel the see quester, which is military spending cut. >> only on their terms. >> they would...
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Sep 18, 2014
09/14
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we have a deficit already and some think it's even more. our medicaid cost to continue is another $760 million. this is an expensive april. i don't know where he's going to get the money to do it if he gets away from doing it at all. >> have there been any republican senators that have gone to the floor saying we have to do this. is this walker's idea or is well a burning desire among his fellow lawmakers on his side that want to see this done some. >> nobody's talked about this on the wisconsin senate floor or the wisconsin state assembly. this is part of governor walker's jobs package and it will not create a single job in the state of wisconsin where we continue to lag not only the in the midwest, but the rest of the nation in job growth here in wisconsin where we're hurting for job ms. wisconsin. so this was part of his jobs package that won't create a single job and in the long run it will cost taxpayers money and you underscore this and it is true, ed, he is in a race for his life and his political career being end on november 4th. he
we have a deficit already and some think it's even more. our medicaid cost to continue is another $760 million. this is an expensive april. i don't know where he's going to get the money to do it if he gets away from doing it at all. >> have there been any republican senators that have gone to the floor saying we have to do this. is this walker's idea or is well a burning desire among his fellow lawmakers on his side that want to see this done some. >> nobody's talked about this on...
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Dec 5, 2012
12/12
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does it reduce the deficit? >> joining me now is senator sherrod brown. senator, good to have you with us tonight. your comments on what nancy pelosi has to say about revenue. >> she's right. you look at a little history in the 1990s. the upper one or 2 or 5% were paying more in taxes. just a little bit more. we had 21 million private sector job creation, net job creation. when george bush cut taxes on the wealthy in 2001 and 2003, we've had no real job growth and no wage growth during this past decade. we're finally now after ten straight years of manufacturing job decline hitting places like toledo and cleveland and cincinnati particularly hard, we're seeing now in the last two years after the auto rescue, after we're doing some of the right things here, we're seeing job growth. i agree with what nancy pelosi said. history improves itself. >> so based on history, this is about math and not ideology. the sense i get on the hill today, if you don't get the rate increase, you can forget everything else. >> we have seen in this country a decline in infrastr
does it reduce the deficit? >> joining me now is senator sherrod brown. senator, good to have you with us tonight. your comments on what nancy pelosi has to say about revenue. >> she's right. you look at a little history in the 1990s. the upper one or 2 or 5% were paying more in taxes. just a little bit more. we had 21 million private sector job creation, net job creation. when george bush cut taxes on the wealthy in 2001 and 2003, we've had no real job growth and no wage growth...
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Oct 10, 2012
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so mitt romney will cut the deficit by doing something that will add to the deficit. the other thing he brought up, pbs. the only specific that mitt romney gave in terms of how he will cut the deficit. the only detail he provided was that he would eliminate 1/100th of 1% of the budget. there have been lots of attempts to put the number in sper perspective. here's more. >> the federal share of the corporation for public broadcasting is about $450 million this year. that $450 million is about what the pentagon spends every six hours. >> six hours. to be clear, mr. romney and mr. ryan's idea for the deficit to save the country from fiscal disaster and pay for the stuff they want to do that's really expensive, their plan is to eliminate six hour's worth of defense spending. one-fourth of one day's worth of defense spending. at the same time, to make overall defense spending go like this. because, you know, they are the numbers guys. math. want your best rest ever? then don't miss sleep train's best rest event. you'll find sleep train's very best mattresses at the guarante
so mitt romney will cut the deficit by doing something that will add to the deficit. the other thing he brought up, pbs. the only specific that mitt romney gave in terms of how he will cut the deficit. the only detail he provided was that he would eliminate 1/100th of 1% of the budget. there have been lots of attempts to put the number in sper perspective. here's more. >> the federal share of the corporation for public broadcasting is about $450 million this year. that $450 million is...
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Jul 18, 2019
07/19
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what is going to happen, lawrence, when the next recession starts, starts at a trillion-dollar deficit? >> and what is going to happen to republican politics post-trump? if a democrat is sworn in on the next inauguration day, will republicans in the congress immediately return to deficit concerns? >> well, it's going to be interesting. what do the evangelicals, who have worshiped at the golden calf of donald trump, going to say? are they going to snap back into saying character matters in politics? i don't think so. the laugh test will be they will flunk. republicans having given us our first trillion-dollar deficit in good economic conditions, can they just snap back? i don't know. jean mckarthy, late senator from massachusetts, ran for senate in 1968, the hero of your fine book on 1968, gene mccarthy once said the washington episode temology is this, anything said three times becomes a fact. and the republicans will now say as the democrats are guilty in their own way, they'll say something three times and decide that it's a fact. >> george, the video replay will show you that slippe
what is going to happen, lawrence, when the next recession starts, starts at a trillion-dollar deficit? >> and what is going to happen to republican politics post-trump? if a democrat is sworn in on the next inauguration day, will republicans in the congress immediately return to deficit concerns? >> well, it's going to be interesting. what do the evangelicals, who have worshiped at the golden calf of donald trump, going to say? are they going to snap back into saying character...
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Oct 7, 2013
10/13
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i can't vote for it without doing something about the deficit. it's an unreasonable political position to take. >> let me focus on two pieces of this. one, you do or do not think it is a suicidal political tactic. >> i do not think it's an appropriate political tactic. i absolutely don't. i've said that repeatedly, have not changed my minds on that. my friends on the other side bear some responsibility because they have been unwilling to sit down and negotiate. you don't automatically do anything the other side tells you don't ask, don't tell. >> lets talk about the negotiations. i guess i would ask you as a republican, do you think members of your own party want to see the u.s. default on its credit? >> i certainly don't. i think it would be a big mistake to do it. you'll have some members honestly on both sides that will never vote to raise the debt limit. raising the debt limit without addressing the debt is like going to your credit company after you've maxed out. >> agreed. >> i'm not going to change my spending, spend less, but i want to yo
i can't vote for it without doing something about the deficit. it's an unreasonable political position to take. >> let me focus on two pieces of this. one, you do or do not think it is a suicidal political tactic. >> i do not think it's an appropriate political tactic. i absolutely don't. i've said that repeatedly, have not changed my minds on that. my friends on the other side bear some responsibility because they have been unwilling to sit down and negotiate. you don't...
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Mar 3, 2014
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you took a state a lot of people felt was ungovernable, chiefly because of the budget deficit and now there's a surplus. is there a national leadership lesson that california provide? >> you've got to be tough on spending. at the end of the day, fiscal discipline is the fundamental predicate of a free society. and you just have to maintain that. secondly, you do have to find a way to create a governing consensus or coalition. in california, we do have a majority democratic party. and we don't have the any constitutional blocking points like the 60-vote requirement in the senate or the division of parties in the house between the house and the senate. >> it is interesting, is there a lesson for president obama no matter how liberal you are, you said, here the president's about to present a budget where he's saying look, the deficits are coming down for now. we've got to spend more. we're only going to get the economy going in a meaningful way if we spend more on infrastructure and the loo i can. >> yeah, spend more but in the framework of adjusting your long-term liabilities so we're i
you took a state a lot of people felt was ungovernable, chiefly because of the budget deficit and now there's a surplus. is there a national leadership lesson that california provide? >> you've got to be tough on spending. at the end of the day, fiscal discipline is the fundamental predicate of a free society. and you just have to maintain that. secondly, you do have to find a way to create a governing consensus or coalition. in california, we do have a majority democratic party. and we...
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Sep 7, 2012
09/12
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deficit too high, try another. feel a cold coming on, take two tax cuts, roll back some regulations and call us in the morning. >> the criticism was that mitt romney didn't get specific. did the president get specific last night and if he played it safe, as major just sort of suggested, why? >> well, i think it's probably safe to say he got a little more specific than the republicans did. that clip you played is probably going to be most memorable of the entire speech, channelling bill clinton there. the president has already, in the less than, i guess it's been 12 hours since he gave the speech, he's been rapped for giving a state of the union speech and not being specific enough. he fell somewhere in between but major is exactly right. he wanted to do something that was modest, that was accessible, that was not going to feel anything like four years ago and it certainly didn't so that people would see that he's tethered to the earth as he talks about the next four years. to your earlier question did he do what he
deficit too high, try another. feel a cold coming on, take two tax cuts, roll back some regulations and call us in the morning. >> the criticism was that mitt romney didn't get specific. did the president get specific last night and if he played it safe, as major just sort of suggested, why? >> well, i think it's probably safe to say he got a little more specific than the republicans did. that clip you played is probably going to be most memorable of the entire speech, channelling...
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Nov 28, 2012
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our ultimate goal is an agreement that gets our long-term deficit under control in a way that is fair and balanced. that kind of agreement would be good for our businesses, it would be good for our economy, it would be good for our children's future. and i believe that both parties can agree on a framework that does that in the coming weeks. in fact, my hope is to get this done before christmas. but -- the place where we already have in theory at least complete agreement, right now, is on middle-class taxes. and as i've said before, we have two choices. if congress does nothing, every family in america will see their taxes automatically go up at the beginning of next year. starting january 1st, every family in america will see their taxes go up. a typical middle-class family of four, would see its income taxes go up by $2200. that's $2200 out of people's pockets. that means less money for buying groceries, less money for filling prescriptions, less money for buying diapers. it means a tougher choice between paying the rent and paying tuition and middle-class families just can't afford
our ultimate goal is an agreement that gets our long-term deficit under control in a way that is fair and balanced. that kind of agreement would be good for our businesses, it would be good for our economy, it would be good for our children's future. and i believe that both parties can agree on a framework that does that in the coming weeks. in fact, my hope is to get this done before christmas. but -- the place where we already have in theory at least complete agreement, right now, is on...